Core Viewpoint - Blue Owl Capital (NYSE:OBDC) is experiencing strong demand from dividend investors, with shares reaching new 1-year highs, supported by a reliable performance history and a solid dividend yield of 9% [1][4][18] Company Overview - Blue Owl Capital is the second-largest Business Development Company (BDC) in the market, with a market capitalization of $6.5 billion and a focus on first lien investments, which constitute 73% of its $12.4 billion investment portfolio [5][6] - The company primarily originates new investments in the first lien segment, accounting for 92% of new investments in Q1'24, while joint ventures and common equity represent smaller shares [6] Financial Performance - In Q1'24, Blue Owl Capital reported a net investment income per share of $0.47, with total distributions declared per share amounting to $0.42 [10] - The distribution coverage ratio for Q1'24 was 1.12X, indicating strong support for the dividend from net investment income [9] - The non-accrual percentage increased to 1.8% in Q1'24, with five portfolio companies classified as non-accrual, compared to four in the previous quarter [8] Investment Strategy - The company maintains a focus on highly collateralized debt investments, with a senior secured lending percentage of 81% [5] - Blue Owl Capital's investment strategy has led to a strong growth in total investment income, allowing for the payment of non-regular dividends [12] Market Position - Shares of Blue Owl Capital currently trade at a 1.07X price-to-net asset value (P/NAV) ratio, above its long-term average of 0.93X, reflecting investor confidence in its dividend continuity and balance sheet quality [12][11] - The company is positioned to benefit from potential Federal Reserve policy changes, particularly due to its high percentage of variable rate loans (97% as of Q1'24) [16][17]

OBDC trades at a 10.3% yield (pro forma based on the expected supplemental dividend and declared base dividend) and a 6% premium to book. Its net income price yield is 11.5%, roughly in line with the sector median. Quarter Update Net income fell to $0.47 after two years of rises. The main drivers of the income drop were lower leverage as well as the shift in the portfolio towards first-lien assets. A CLO takeout was a nonrepeatable cost to net income of around a penny. Nikada In this article, we take a look ...

Core Insights - Blue Owl Capital Inc. has appointed Haitham Abdulkarim to lead its institutional business in the Middle East, focusing on expanding operations in Abu Dhabi and Dubai [1][4] - The strategic hiring aims to enhance relationships with regional family offices, pension funds, and sovereign wealth funds [1][4] - Blue Owl has recently obtained a license in the Dubai International Financial Centre and is awaiting approval for a license in Abu Dhabi Global Market [4] Company Background - Blue Owl Capital is a leading alternative asset manager with over $174 billion in assets under management as of March 31, 2024 [6] - The company operates across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate [6] - Blue Owl aims to provide differentiated alternative investment opportunities that focus on strong performance and capital preservation [6] Haitham Abdulkarim's Experience - Haitham previously held the position of Head of UAE at BlackRock, where he was responsible for client strategy and engagement [2] - He has experience in promoting private markets offerings in Saudi Arabia and was part of the founding team for the BlackRock Middle East Infrastructure Fund [2] - His career includes roles in investor relations at Mubadala-backed Waha Capital and Samena Capital, as well as experience in Mergers & Acquisitions at HSBC and BNP Paribas [3]

ricardoreitmeyer Overview I was fortunate enough to start a position in Blue Owl Capital Corporation (NYSE:OBDC) in October 2022 and snagged my first set of shares around the $10.50 mark. Since then, I've steadily added small batches at a time, while also reinvesting all dividends. However, as the price started to creep back towards all-time highs, I wanted to assess whether or not it's appropriate to continue building up my position size here. After all, the stock does trade at a slight premium to NAV (net ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ FORM 10-Q ___________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39653 ___________________________ BLUE OWL CAPITAL INC. (Exact name of ...

May 2, 2024 Blue Owl Capital Inc. First Quarter 2024 Earnings Disclosures About Blue Owl Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives. With over $174 billion in assets under management as of March 31, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, ar strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional and individual investo। investment opportunities that ...

Investors are always looking for stocks that are poised to beat at earnings season and Blue Owl Capital Inc. (OWL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Blue Owl Capital is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pre ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ FORM 10-K ___________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39653 ___________________________ BLUE OWL CAPITAL INC. (Exact name of regis ...

Financial Data and Key Metrics Changes - Management fees increased by 26%, with 92% of these fees coming from permanent capital vehicles [40] - FRE (Fee-Related Earnings) rose by 25%, indicating strong operational performance [40] - The company added over $50 billion in fee-paying AUM since January 1, 2022, representing over 80% growth since the end of 2021 [42] - The credit portfolio returned 4% in Q4 and almost 18% for the full year 2023 [44] Business Line Data and Key Metrics Changes - The real estate business saw AUM grow by about 80% since the acquisition of Oak Street at the end of 2021, with a strong outlook for continued growth [48] - In the credit segment, deployment trends remained robust, with repayments providing opportunities for redeployment [36] - The healthcare sector has seen $11 billion in loans and investments, with expectations for significant growth following the Cowen acquisition [6][7] Market Data and Key Metrics Changes - The company reported record-high backlogs, with over $10 billion in pipeline opportunities [14] - The demand for alternative credit solutions is increasing, particularly in sectors like healthcare and technology [8][16] - The company is expanding its reach into Europe, identifying it as a rich area for growth [17] Company Strategy and Development Direction - The company aims to maintain its focus on high-value, high-fee income strategies rather than simply gathering AUM [4] - Plans to launch a strategy focused on triple net lease in Europe, driven by existing deal flow [38] - The company is exploring opportunities in the insurance sector while maintaining a balance sheet light strategy [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong results despite market volatility [33] - The outlook for 2024 appears positive, with expectations for increased activity in private equity and direct lending [96] - Management highlighted the importance of adapting to market conditions and finding innovative financing solutions [13][16] Other Important Information - The company has a strong focus on R&D investments to support future growth and product launches [46] - The healthcare strategy is seen as a significant growth area, with a full suite of capabilities now in place following the Cowen acquisition [7] Q&A Session Summary Question: Can you discuss the growth of the real estate business and the investment team's capacity? - Management acknowledged the impressive growth in the real estate sector and emphasized the team's ability to source transactions effectively [48] Question: What are the aspirations for fundraising in 2024? - Management indicated a balanced approach to fundraising across various channels and products, with optimism for continued growth [22][25] Question: How does the company view the insurance opportunities? - The company is focused on accessing the insurance channel in a balance sheet light manner, rather than owning an insurance company [30] Question: Can you provide an update on the Cowen Healthcare acquisition and its growth potential? - Management stated that while the healthcare sector is a focus, growth will be methodical rather than rapid, with significant investments already made [126]

| --- | --- | |------------------|-------| | | | | February 9, 2024 | | Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives. With over $165 billion in assets under management as of December 31, 2023, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated ...